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Egypt’s SIDPEC denies rumors of shutdown

by ChemOrbis Editorial Team -
  • 11/07/2016 (16:19)
Egypt’s local HDPE producer SIDPEC denied market rumors that they had shut their plant for maintenance. A source from the producer reported, “We are operating our plant at full rates at the moment and we are smoothly delivering all HDPE film grades to the market as we have sufficient stocks. Demand is gradually improving while the increasing parity is supporting local levels. We are producing HDPE b/m at our HDPE film/blow moulding line this week. However, we are supplying HDPE film to our customers from our stocks.”

The local producer had announced their July prices with increases of around EGP200-300/ton ($23-34/ton) at the beginning of the month.
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